Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Thursday, 20 February 07:11 (GMT -05:00)

Business And Politics News

Soros Says Russia Will Go Broke In 2017

According to George Soros, the world-famous billionaire an investor, Russia is going to go bankrupt in 2017 when it is time to pay most of Russia’s foreign debts. In order to avoid this worst-case scenario, Vladimir Putin wants the European Union to crash instead, which is why he has recently been doing his best to make it happen, the investor says.




The financier also says that Putin’s popularity among the Russians is based mainly on the so-called “contract with the society”, which implies that the president should be backing stable growth of living standards as well as financial stability.
However, due to sanctions and low oil prices the Russian government and President Putin are no longer capable of doing so. To date, the Russian budget deficit is somewhere around 7% of the national GDP. Yet, the authorities will have to cut it by 3% more in order to avoid letting the rate of inflation go out of control. Inflation growth may seriously affect people’s lives as well as the Russian electorate in advance of the forthcoming parliamentary election in the Russian Federation, which is planned for the second part of the year.
With that being said, Mr. Soros assumes that a EU collapse may really help Vladimir Putin to hold on to his post of the Russian President and stay in power. More specifically, any EU disintegration may free Russia from most of those Western sanctions imposed on Russia by European nations. He also says that Russia will get some other benefits from such a scenario.
Russia’s existing policy in Syria is nothing but Putin’s desire to prepare Europe fro disintegration and collapse, Mr. Soros is convinced. All of you know that the military campaign in Syria escalated the migration of Syria refugees to EU countries, which happens to be a serious problem from the European Union undermining its stability. This problem is really capable of doing away with the EU, which now has to fight against 5 or 6 crises at a time, the financier says. That is the major reason why Putin cannot be seen as the West’s full-fledged ally in the war against the ISIS. Why some European leaders are seeing Russia as an ally, they are making a huge mistake, Mr. Soros warns. This leads us to believe that Russia and the EU are some kind of rivals competing for survival. The question is, who collapses first?


As for Russia’s foreign debt, they say it is obliged to pay some 60 billion dollars in January – September 2017. The famous financier, who can boast a huge fortune of $24,9 billion, has been actively criticizing Russia and the EU over the last few months.


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM